What is Prosperity Bancshares's acquisitions?

Prosperity Bancshares (PB) reported acquisitions of $6.09M in Q4 2023.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

Prosperity Bancshares PB Acquisitions

Acquisitions at other companies

Commerce BancsharesCBSH

-$501.36M—

SouthStateSSB

$1.04B—

Huntington BancsharesHBAN

$1.68B—

Capital One FinancialCOF

$241M-24.2%

Stifel FinancialSF

$0-100%

Other financials

Income statement

See full

Revenue$367.6M+19.9%

Net income$116.3M-10.7%

EPS (diluted)$1.16-15.3%

Balance sheet

See full

Cash & equivalents$1.5B-8.7%

Total debt$27.6M—

Total equity$8.2B+9.2%

Total assets$43.6B+12.5%

Cash flow

See full

Operating cash flow$185.1M+3.9%

CapEx$7.0M-0.9%

Free cash flow$178.1M+4.1%

Valuation

See full

Market cap$7.18B+0.3%

P/E13.6×-0.8×

P/S5.5×-0.4×

Profitability

See full

Net margin40.4%-0.5pp

FCF margin40%—

Returns & leverage

See full

Return on equity6.7%-0.1pp

Debt / equity0×—

Where this comes from

Reported directly by Prosperity Bancshares in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The official record: Prosperity Bancshares’s 10-K, filed February 28, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Prosperity Bancshares's acquisitions?: Prosperity Bancshares (PB) reported acquisitions of $6.09M in Q4 2023.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.